Group 1 - The SEC has appointed George Botic as the acting chairman of the PCAOB [1]

美国金融业监管局 (Finra) 正在考虑修改"模式日内交易"规则，该规则限制保证金账户中资金低于25,000 美元的投资者在五天内不得借入资金进行四次或四次以上的交易。在一份提交给金融业监管局 (Finra) 董事会最终投票的提案中，散户投资者只需在账户中存入2,000美元即可进行此类交易。 美国监管机构正在最终敲定一项有争议的规则的替换方案，该规则将大幅降低散户投资者进行股票和期 权交易的门槛。 ...

Core Insights - The seminar on financial regulation and the release of the book "Financial Regulation: Theory and Practice" highlights the importance of strong financial regulation and talent in building a financial powerhouse as emphasized by President Xi Jinping [1][3][4] Group 1: Financial Regulation Importance - Strong financial regulation is a foundational element for building robust financial institutions and maintaining monetary stability [4][7] - The book discusses the relationship between financial regulation and market dynamics, addressing contemporary challenges in the field [5][10] - Experts emphasize the need for a balanced approach in financial regulation, considering both innovation and investor protection [6][8] Group 2: Educational Initiatives - Tsinghua University is addressing the shortage of qualified instructors in financial regulation by offering a graduate course that fills a gap in the curriculum [3][4] - The course aims to provide students with a comprehensive understanding of financial systems, including their vulnerabilities and ethical considerations [4][5] - The publication of the book serves as a valuable resource for teaching and research in financial regulation [3][10] Group 3: Global Perspectives and Challenges - The seminar highlighted that there is no one-size-fits-all model for financial regulation globally, and copying another country's system may not be effective [6][8] - The discussion included the impact of recent banking failures in the U.S. and the implications for global financial stability [8] - Experts called for a reevaluation of regulatory principles to enhance effectiveness in addressing current challenges [8][10]

Group 1: Key Industry Developments - The Yarlung Tsangpo River downstream hydropower project has commenced construction in Linzhi, Tibet, with a total investment of approximately 1.2 trillion yuan [2] - The National Export Control Work Coordination Mechanism Office has organized a meeting to enhance enforcement against strategic mineral smuggling and export, emphasizing the establishment of a joint enforcement coordination center [2] - The Financial Regulatory Bureau has held a meeting focusing on the reform and risk management of small and medium financial institutions, aiming to prevent illegal financial activities and protect consumer rights [2] Group 2: Regulatory Actions and Industry Meetings - The Ministry of Industry and Information Technology has announced a new round of growth stabilization plans for ten key industries, including steel and non-ferrous metals, to optimize supply and eliminate outdated capacity [4] - The China Iron and Steel Association has convened a meeting to discuss establishing a new capacity governance mechanism to prevent overcapacity risks in the steel industry [4] - A special meeting led by the National Development and Reform Commission has been held to promote the healthy development of the low-altitude economy, focusing on preventing inefficient and redundant construction [4] Group 3: Company News - Yushutech has initiated its listing guidance process [6] - Zhongcheng Tui's stock will be delisted on July 21, 2025 [7] - *ST Zitian's stock may be terminated from listing, with suspension starting on July 21 [8] - Xiling Information's controlling shareholder is planning a change in control, leading to a suspension on July 21 [9] - Kanghua Biology's controlling shareholder intends to change to Shanghai Wankexin Biotechnology Partnership, with resumption of trading on July 21 [10] - Jichuan Pharmaceutical has disclosed the results of a tender offer by Cao Fei, with stock resuming trading on July 21 [11] - Baichuan Co.'s controlling shareholder and chairman Zheng Tiejiang has returned to work and is performing normal duties [12] - Dongli New Science has had its wholly-owned subsidiary SAIC Hongyan accepted for reorganization by the court [13] - Daotong Technology's controlling shareholder has proposed a mid-term dividend of 5.8 yuan per 10 shares (including tax) for 2025 [14] - Shaanxi Guotou A reported a net profit of 726 million yuan for the first half of the year, a year-on-year increase of 5.74% [15] - China First Heavy Industries expects a net loss of 90 million to 108 million yuan for the first half of the year [16]

Core Viewpoint - The Jiangsu Financial Regulatory Bureau, in collaboration with the Jiangsu Market Supervision Administration, will launch a special action for financing individual industrial and commercial households starting from June 2025, aiming to enhance the accessibility and precision of financing services for nearly 10 million individual businesses in Jiangsu [1]. Group 1: Financing Support Measures - As of June 2025, the loan balance for individual businesses in Jiangsu is expected to increase by 22.93 billion yuan year-on-year, with the number of loan accounts rising by 232,000 [1]. - The average loan interest rate for individual businesses from January to June has decreased by 28 basis points year-on-year [1]. - The special action will categorize individual businesses based on their types and needs, allowing banks to provide tailored financial support [2]. Group 2: Dynamic Assessment and Tailored Services - The Jiangsu Financial Regulatory Bureau encourages banks to establish a long-term service mechanism that includes "classified policies, dynamic assessments, and precise support" for different types of individual businesses [2]. - Financial support will be tiered for survival, growth, and development types of individual businesses, implementing three major projects: "Foundation Building, Upgrading, and Navigation" [2]. - Banks are encouraged to develop specialized credit products and financial services for "famous, special, and innovative" individual businesses [2]. Group 3: Innovation and Accessibility - The regulatory bureau is guiding banks to understand the development status of various individual businesses and explore financial products that meet their diverse needs [2]. - Initiatives include the development of intellectual property pledge financing and preferential credit policies for industry clusters of "special" individual businesses [2]. - Support will also be provided for "high-quality" individual businesses that have received government certifications or quality endorsements, facilitating credit financing [2]. Group 4: Collaborative Mechanisms and Long-term Development - A special cooperation mechanism between financial and market regulatory departments will be established to enhance information sharing and coordinate efforts to address the challenges faced by individual businesses [3]. - The bureau encourages regions to implement "grid management" to create tailored service models for different areas [3]. - Continuous exploration and innovation will be prioritized to broaden financing channels for individual businesses, enhancing their satisfaction with financial services [3].

中央第四指导组围绕综合整治新能源汽车行业非理性竞争问题开展专题调研座谈，要求龙头企业要依法 合规理性竞争，联合抵制行业非理性竞争，共同维护公平公正的市场竞争秩序(央视新闻)；18日市场监 管总局约谈饿了么、美团、京东三家平台企业，要求相关平台企业严格遵守《中华人民共和国电子商务 法》《中华人民共和国反不正当竞争法》《中华人民共和国食品安全法》等法律法规规定，严格落实主 体责任，进一步规范促销行为，理性参与竞争(央视新闻)；美国总统特朗普在白宫正式签署《指导与建 立美国稳定币国家创新法案》(简称《天才法案》)，标志着美国稳定币监管立法进入实施阶段(央视新 闻)。 ...

7月18日，中国人民银行就《非银行支付机构分类评级管理办法（修订征求意见稿）》【下称《办法 （修订征求意见稿）》】公开征求意见。 | | | 中国人民银行 THE PEOPLE'S BANK OF CHINA | | | 条法司 Legal Affairs Department | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 信息公开 | 新闻发布 | 法律法规 | 货币政策 | 密凝申请 | 保健康康 | 金融市场 | 金融稳定 | 调查统计 | 银行会 | 支付体系 | | | 金融科技 | 人风币 | 经理国库 | 国际交往 | 人员招录 | 学术交流 | 征值管理 | 反洗钱 | 党建工作 | 工会工作 | | 服务互动 | 政务公开 | 政策解读 | 公告信息 | 图文直播 | 央行研究 | 基层面面 | 和管理器 | 同上展厅 | 最各上幅 | 报刊年鉴 | | | 腾送文告 | 办事大厅 | 在线电报 | 下载中心 | 网上调查 | 2007年10 | 金融知识 | 关于我们 | ...

Core Viewpoint - The People's Bank of China Gannan Branch has established the first financial legal education base in Gannan Prefecture, aiming to enhance financial legal awareness among youth and extend this education to families and society through innovative educational methods and collaboration with local authorities [1][2][3]. Group 1: Financial Legal Education Base Establishment - The financial legal education base is a collaborative effort involving the People's Bank of China Gannan Branch, Gannan Judicial Bureau, and the National Financial Regulatory Administration Gannan Regulatory Bureau, focusing on improving financial legal awareness among local farmers and herders [2][3]. - A leadership group has been formed to guide and coordinate the construction of the financial legal education base, ensuring regular communication and collaboration among the involved parties [2][3]. Group 2: Educational Content and Methodology - The education base will utilize various innovative materials, including a "Youth Legal Education Comic Handbook" and "Campus Financial Microfilms," integrating financial legal education into the school curriculum [3][4]. - The base will feature five key modules: financial legal education, legal reading, legal culture, mock courts, and smart devices, creating a comprehensive educational environment that combines theory, practice, and dissemination [4]. Group 3: Target Audience and Language Considerations - The initiative specifically targets youth, with the goal of enhancing their financial legal awareness and subsequently influencing the broader community [3][4]. - A bilingual teaching team has been established to promote financial legal knowledge in both Tibetan and Han languages, addressing the unique needs of the region [4].

英国金融行为监管局：谅解备忘录明确英国财政部、英国央行、审慎监管局与英国金融行为监管局在海 外认可制度相关职能履行方面的协调方式。 ...

Core Viewpoint - The issuance of the "Green Finance Support Project Directory (2025 Edition)" aims to enhance the liquidity of the green finance market, improve asset management efficiency, and reduce identification costs for various green financial products [1][2]. Group 1: Objectives and Framework - The directory is established to fully implement the spirit of the 20th National Congress of the Communist Party of China and subsequent meetings, emphasizing the importance of green finance in supporting economic and social development towards a sustainable and low-carbon transition [2][3]. - It serves as a unified standard applicable to all types of green financial products, although it does not apply to stock issuance and trading on the Shanghai, Shenzhen, and Beijing exchanges, as well as the New Third Board [1][2]. Group 2: Implementation and Policy Support - Relevant units are required to develop and implement supporting policies based on the directory, aligning with their specific green development goals and the construction of the green finance system [3][4]. - The directory will ensure continuity with historical standards for green loans and bonds, allowing for flexibility in applying either the historical standards or the new directory for projects that are in the approval process [3][4]. Group 3: Future Adjustments and Effective Date - The People's Bank of China, along with regulatory bodies, will adjust the directory as needed based on ecological civilization tasks, carbon neutrality goals, and the development of the domestic green finance market [4]. - The "Green Finance Support Project Directory (2025 Edition)" will take effect on October 1, 2025 [5].